Wednesday, July 18, 2012

AMG a Good Investment

I usually don't give out business advice, but... 

"AMG chief executive earns $14.9m" by Beth Healy  |  Globe Staff, May 01, 2012

The chief executive of Affiliated Managers Group, a Beverly investment firm, received $14.9 million in total compensation last year, down from nearly $20 million in 2010, according to an annual filing with regulators.   

Related: Executive Payday: Affiliated Avarice

Sean M. Healey, the husband of former Massachusetts Lieutenant Governor Kerry Healey, earned the same base salary for the past three years, $750,000. He received a $5 million cash bonus in 2011, down from $7 million the prior year.

He also last year received $4.5 million in stock awards, plus options and other compensation.

AMG owns a number of investment firms and oversaw a total of $327 billion at the end of 2011, up 2 percent from the previous year. The shares fell 3 percent, but that was much better than AMG’s peer group in financial services, which fell an average of 26 percent....

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Also see: Sunday Globe Special: At Home With the Healeys

House of Bush Converts to Mormonism 

Yeah, Healey's a part of that house, too.